5 Tips to Help Clients Improve Their Credit

5 Tips to Help Clients Improve Their Credit

Take care of business first, then set aside your down payment, plan 3.5-5% or higher like 10% or 15% and best 20% or more for your total down payment.

Additionally, set aside your closing costs to bring in a cashiers check to the title company one week prior to your close of escrow to your Buyer's Sign Off appointment with the Title Company Escrow Officer.That amount is safe to set aside 3% of the purchase price additional to the down payment. Closing costs can vary from lender to lender, and you may or may not have some or all of the closing costs on your HUD 1. Closing costs typically are the recurring and non recurring items. Like for example, Prepaid Taxes, Insurance, PMI known as Pre-Paid Mortgage Insurance.  The closing costs may include fees due to a licensed contractor, handyman, inspector, appraisor, repairs, Title Company fees, Alta and CLTA fees.

Well prepared buyers, enjoy smooth transactions that are more likely to close the escrow and not fall apart or delay the close of escrow.